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M+1-st Price Auction Using Homomorphic Encryption
Masayuki ABE Koutarou SUZUKI
IEICE TRANSACTIONS on Fundamentals of Electronics, Communications and Computer Sciences
Publication Date: 2003/01/01
Print ISSN: 0916-8508
Type of Manuscript: Special Section PAPER (Special Section on Cryptography and Information Security)
Category: Protocols etc.
M+1-st price auction, Vickrey auction, homomorphic encryption, mix and match,
Full Text: PDF(190.2KB)>>
This paper provides a M+1-st price auction scheme using homomorphic encryption and the mix and match technique; it offers secrecy of bidding price and public verifiability. Our scheme has low round communication complexity: 1 round from each bidder to auctioneer in bidding and log p rounds from auctioneer to trusted authority in opening when prices are selected from p prefixed choices.